News Column

MegaFon announces solid sequential revenue growth and OIBDA margin in line with its 2014 guidance

August 8, 2014



ENP Newswire - 08 August 2014

Release date- 31072014 - MOSCOW, Russia - Open Joint Stock Company 'MegaFon' ('MegaFon', or the 'Company') (LSE: MFON), a leading Russian universal telecommunications operator, announces its unaudited consolidated financial results1 for the second quarter ended 30 June 2014.

Key highlights of the Second Quarter 20142

Consolidated revenue grew by 6.1% y-o-y3 to RUB 76,666 million

OIBDA remained stable and totaled RUB 34,298 million

OIBDA margin decreased by 2.8 p. p. y-o-y to 44.7%

Net Profit of RUB 13,886 million was up 2.2% y-o-y

CAPEX amounted to RUB 13,396 million

Free Cash Flow decreased by 37.8% y-o-y to RUB 14,043 million

Net Debt as of 30 June 2014 was RUB 118,810 million

The number of mobile subscribers as of 30 June 2014 was 70.2 million4, an increase of 6.4% y-o-y

Download full press release in PDF

Operational and Financial Data Pack

Join audiocast

MegaFon will be hosting an analyst and investors conference call today with a simultaneous audiocast to discuss its Q2 2014 performance.

Time: 10.00 (New York time), 15.00 (London time), 18.00 (Moscow time)

Download presentation in PDF

Dial-in details:

Russia - Local Moscow

+8 499 272 4337

Russia Toll Free

+8 10 800 2490 2044

Standard International Access

+44 (0) 20 3003 2666

UK Toll Free

0 808 109 0700

USA Toll Free

+1 866 966 5335

Access Code:

6625595

Password:

MegaFon

For access to the live and on demand webcast from any IOS apple or Android mobile devices:

Replay facilities will be available for 7 days:

Russia - Local Moscow

+8 499 270 6352

Russia Toll Free

+8 10 800 2483 2044

Standard International Access

+44 (0) 20 8196 1998

UK Local

020 8196 1480

UK Toll Free

0800 633 8453

USA Toll Free

+1 866 583 1035

Access Pin

6625595

1 Based on interim IFRS financial statements reviewed by Ernst & Young LLC.

2 See Schedule 1 for definitions of the terms and Schedule 2 for the reconciliation of Non-IFRS measures.

3 Year over year ('y-o-y') stands for the same periods in the current and previous year on either a quarterly or half-yearly basis.

4 Consolidated data includes subscribers of the Company in Russia and the subscribers of its subsidiaries: 'TT mobile' CJSC in the Republic of Tajikistan, 'AQUAFON-GSM' CJSC in the Republic of Abkhazia and 'OSTELEKOM' CJSC in the Republic of South Ossetia.


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Source: ENP Newswire


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